PNC Infratech Limited has announced that its subsidiary, Yamuna Highways Private Limited, has received an upgraded credit rating from Care Ratings Limited. The long-term bank facilities of Yamuna Highways are now rated CARE AA+ with a Stable outlook, an improvement from the previous rating of CARE AA, Positive. This upgrade reflects the strengthened financial standing and creditworthiness of the subsidiary.
Credit Rating Enhancement for Yamuna Highways
PNC Infratech Limited has been informed by Care Ratings Limited about a significant enhancement in the credit rating for its subsidiary, Yamuna Highways Private Limited. This review pertains to the long-term bank facilities extended to the subsidiary.
Key Rating Details
The upgraded rating for Yamuna Highways Private Limited is now CARE AA+, with a Stable outlook. This marks an improvement from the previous rating of CARE AA, Positive. The outstanding amount for these facilities is Rs. 465.17 Crore, which has been reduced from a prior figure of Rs. 472.25 Crore. This positive rating action by Care Ratings underscores the enhanced credit profile and financial stability of the subsidiary.
Source: BSE
